Canada Stocks: TSX futures down on fears of second coronavirus wave

Profound Medical

11/05/2020 12:40

May 11 (Reuters) - Canada's main stock index futures ticked
lower on Monday amid renewed concerns over the coronavirus
outbreak, as some countries reported a new wave of infections.
    New coronavirus infections are accelerating in Germany only
days after it loosened social restrictions, stoking fears that
the pandemic could again slip out of control. South Korea also
warned of a second wave of the virus on Sunday.  urn:newsml:reuters.com:*:nL8N2CS06N
 urn:newsml:reuters.com:*:nL4N2CS00V
    Wuhan, the epicentre of the novel coronavirus outbreak in
China, reported on Monday five new confirmed cases, all of whom
live in the same residential compound.  urn:newsml:reuters.com:*:nL4N2CT0CB
    June futures on the S&P/TSX index  SXFc1  were down 0.27% at
7:00 a.m. ET.
    The Toronto Stock Exchange's S&P/TSX composite index
 .GSPTSE  ended 0.9% higher at 14,966.56 on Friday.  urn:newsml:reuters.com:*:nL8N2CQ6C2
    Dow Jones Industrial Average e-mini futures  1YMc1  were
down 0.58% at 7:00 a.m. ET, while S&P 500 e-mini futures  ESc1 
were down 0.63% and Nasdaq 100 e-mini futures  NQc1  were down
0.25%.  .N 
             
    TOP STORIES  TOP/CAN 
    The total number of people killed by the coronavirus in
Canada rose 2.2% to 4,728 on Sunday, one of the lowest daily
increases since the outbreak started, official public health
agency data showed.  urn:newsml:reuters.com:*:nL1N2CS04X
    Canadian precious metals producer SSR Mining  SSRM.TO  said
on Monday it would acquire Alacer Gold  ASR.TO  in an all-stock
deal valued at C$2.41 billion to create a diversified gold
producer.  urn:newsml:reuters.com:*:nL4N2CT2Q4
    
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    Constellation Software  CSU.TO : National Bank of Canada ups
target price to C$1,400 from C$1,300
    Profound Medical Corp  PRN.TO : Canaccord Genuity ups target
price to C$21 from C$20
    Snc-Lavalin Group Inc  SNC.TO : CIBC cuts target price to
C$35 from C$37
    
    COMMODITIES AT 7:00 a.m. ET 
    Gold futures  GCc2 : $1701.2; -0.74%  GOL/ 
    US crude  CLc1 : $24.29; -1.82%  O/R 
    Brent crude  LCOc1 : $30.23; -2.39%  O/R 
    
    U.S. ECONOMIC DATA DUE ON MONDAY
    1000 (approx.) Employment Trends for April: Prior 60.39
    
    FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
    TSX market report  .TO 
    Canadian dollar and bonds report  CAD/   CA/ 
    Reuters global stocks poll for Canada  EQUITYPOLL1 
 EPOLL/CA 
    Canadian markets directory  CANADA 
   ($1= C$1.40)
    

 (Reporting by Nachiket Tekawade in Bengaluru; Editing by
Shinjini Ganguli)
 ((Nachiket.tekawade@thomsonreuters.com))